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Quantitative - Mathematics - Word Problems:

Profit and Loss

MCQ - 124-12891

Question:

A producer of tea blends two varieties of tea from two tea gardens one costing Rs 18 per kg and another Rs 20 per kg in the ratio 5 : 3. If he sells the blended variety at Rs 21 per kg, then his gain percent is

  1. 12%
  2. 13%
  3. 14%
  4. 13%

Correct Answer: A

Explanation:

Suppose he bought 5 kg and 3 kg of tea.

Cost Price = Rs. (5 x 18 + 3 x 20) = Rs. 150.

Selling price = Rs. (8 × 21) = Rs. 168.

Profit = 168 - 150 = 18

So, Profit % = 18 150 × 100 = 12%

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1297 MCQ for effective preparation of the test of Profit and Loss of Word Problems section.

Read the MCQ statement: A producer of tea blends two varieties of tea from two tea gardens one costing Rs 18 per kg and another Rs 20 per kg in the ratio 5 : 3. If he sells t .... is gain percent is , keenly and apply the method you have learn through the video lessons for Profit and Loss to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 124-12891.

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